Monday, December 30, 2013

Report: Open Data Could be $3 Trillion Boon; FEDweek, 12/30/13

FEDweek; Report: Open Data Could be $3 Trillion Boon: "Standardized, machine-readable information, much of it government-generated has contributed to a push toward leveraging "big data" to gain new insight and drive innovation, and a recent report from McKinsey suggests seven sectors in particular could combine to generate over $3 trillion in additional value from open data. Open data (like that increasingly being made available at is "giving rise to hundreds of entrepreneurial businesses and helping established companies to segment markets, define new products and services, and improve the efficiency and effectiveness of operations," according to the report".

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